Bitcoin Funding Team launched back in February and saw affiliates gift bitcoin to each other via a 2×5 matrix. Alexa traffic estimates for the Bitcoin Funding Team website suggest the company went into decline in early May.

Read on for a full review of the Project Ethereum MLM opportunity.

Project Ethereum Products

Project Ethereum has no retailable products or services, with affiliates only able to market Project Ethereum affiliate membership itself.

Joining Project Ethereum

Conclusion

Whereas typically matrix-based gifting schemes these days use bitcoin, Project Ethereum has opted to use ether.

Otherwise it’s the same cryptocurrency gifting model people have been losing money in over the last few years.

After likely having lost money himself in Bitcoin Funding Team, John Johnson (right) has worked out only the admins running gifting scams are guaranteed profit.

This is achieved through one or more preloaded matrix positions, which through pass-ups at each matrix level receive the majority of gifted funds.

A few early adopter affiliates receive some money, but by and large when a gifting scheme inevitable collapses the majority of participants lose money.

In Project Ethereum the break-even point is thirty days, after which if an affiliate hasn’t recruited two new victims into the scheme (or received spillover from other’s recruiting efforts), they start to lose money.

By the time enough Project Ethereum affiliates have realized this of course, Johnson will have already done a runner with their money.